indie Semiconductor, Inc. (NASDAQ:INDI – Get Free Report) traded down 3.3% on Monday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from $10.00 to $9.00. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. indie Semiconductor traded as low as $5.53 and last traded at $5.57. 910,764 shares traded hands during trading, a decline of 66% from the average session volume of 2,690,901 shares. The stock had previously closed at $5.76.
Other equities research analysts also recently issued research reports about the stock. B. Riley reissued a “buy” rating and set a $13.50 price objective (down previously from $14.50) on shares of indie Semiconductor in a research report on Friday. KeyCorp dropped their price target on indie Semiconductor from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Craig Hallum cut their price target on indie Semiconductor from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, indie Semiconductor currently has a consensus rating of “Buy” and a consensus target price of $12.64.
Insider Buying and Selling at indie Semiconductor
In other indie Semiconductor news, CEO Donald Mcclymont sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $6.25, for a total transaction of $312,500.00. Following the transaction, the chief executive officer now owns 76,750 shares of the company’s stock, valued at approximately $479,687.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other indie Semiconductor news, CEO Donald Mcclymont sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $6.25, for a total transaction of $312,500.00. Following the transaction, the chief executive officer now owns 76,750 shares of the company’s stock, valued at approximately $479,687.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Michael Wittmann sold 8,700 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $6.95, for a total value of $60,465.00. Following the transaction, the chief operating officer now directly owns 35,460 shares in the company, valued at approximately $246,447. The disclosure for this sale can be found here. In the last three months, insiders have sold 173,323 shares of company stock worth $1,081,244. Insiders own 9.90% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in INDI. Nisa Investment Advisors LLC increased its holdings in shares of indie Semiconductor by 269.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,130 shares of the company’s stock worth $50,000 after acquiring an additional 4,470 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in shares of indie Semiconductor during the 1st quarter worth approximately $53,000. Newbridge Financial Services Group Inc. increased its holdings in shares of indie Semiconductor by 40.8% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,900 shares of the company’s stock worth $56,000 after acquiring an additional 2,000 shares during the last quarter. Psagot Value Holdings Ltd. Israel increased its holdings in shares of indie Semiconductor by 24.2% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 8,258 shares of the company’s stock worth $69,000 after acquiring an additional 1,610 shares during the last quarter. Finally, Quent Capital LLC increased its holdings in shares of indie Semiconductor by 66.7% during the 1st quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock worth $71,000 after acquiring an additional 4,000 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.
indie Semiconductor Price Performance
The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.72 and a current ratio of 1.96. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -11.55 and a beta of 1.21. The business has a fifty day moving average of $6.23 and a two-hundred day moving average of $6.70.
indie Semiconductor (NASDAQ:INDI – Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.04. indie Semiconductor had a negative return on equity of 21.53% and a negative net margin of 32.12%. The firm had revenue of $70.13 million for the quarter, compared to analyst estimates of $72.69 million. As a group, research analysts predict that indie Semiconductor, Inc. will post -0.42 EPS for the current fiscal year.
About indie Semiconductor
indie Semiconductor, Inc provides automotive semiconductors and software solutions for advanced driver assistance systems, autonomous vehicle, in-cabin, connected car, and electrification applications in the United States, South America, rest of North America, Greater China, South Korea, rest of the Asia Pacific, and Europe.